Gold is rapidly approaching a critical support level around $US 1,800, and if it fails to find support here on a weekly basis it could quickly drop to $1,600 or even 1,560. Two weeks ago I would have thought it impossible, but even as I'm writing this gold is off another $30/oz to $1,806 so it's continuing to take a massive beating. I've been watching WAF closely for 2-3 months looking for a potential entry, but if that support level is broken it could be a really volatile and white-knuckle ride for investors, so holding off for now. I agree that being an unhedged producer probably amplifies the moves both ways.
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- Ann: West African NWR Virtual Resources Presentation 2020
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$1.61 |
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$1.63 | $1.64 | $1.59 | $3.399M | 2.113M |
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No. | Vol. | Price($) |
---|---|---|
2 | 5508 | $1.60 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.61 | 126757 | 6 |
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No. | Vol. | Price($) |
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1 | 3010 | 1.600 |
1 | 3010 | 1.595 |
1 | 3010 | 1.590 |
1 | 3320 | 1.585 |
1 | 3320 | 1.580 |
Price($) | Vol. | No. |
---|---|---|
1.610 | 58688 | 1 |
1.620 | 34010 | 4 |
1.625 | 3010 | 1 |
1.630 | 3010 | 1 |
1.635 | 3010 | 1 |
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